As Megaworld Corporation celebrates its 35th anniversary, the real estate giant is gearing up to expand its footprint beyond Metro Manila into key provincial areas. Established as one of the Philippines’ leading property developers, Megaworld is set to bring its successful township model to Northern Luzon, parts of Visayas, Northern Mindanao, and CALABARZON. This strategic move aims to meet the growing demand for integrated residential, commercial, and mixed-use developments in these regions.
Expanding Horizons
Currently, Megaworld’s townships span more than 7,000 hectares across the Philippines. This extensive portfolio showcases the company’s commitment to creating self-sustaining communities. The decision to extend their reach into provinces is driven by the significant economic potential and strategic locations these areas offer. By focusing on regions with burgeoning industries and improving infrastructure, Megaworld aims to support local economies and generate employment opportunities through its township developments.
The Mactan Newtown: A Coastal Gem
One of the flagship projects illustrating Megaworld’s expansion is The Mactan Newtown in Lapu-Lapu City, Cebu. This beachside township is set to host two major new additions: The Mactan Expo Center, Cebu’s first standalone convention center, and the Mactan World Museum, which will celebrate the shared heritage and friendship between the Philippines and Spain. These additions are designed to bolster the local economy by attracting both business and tourism.
Capital Town Pampanga: A Northern Luzon Hub
In Northern Luzon, the 35.6-hectare Capital Town in Pampanga is poised to become a premier central business district. Located near the Pampanga Provincial Capitol, this township will feature a lifestyle mall, green office towers, hotels, and more. The comprehensive development will provide excellent connectivity and infrastructure, fostering a thriving business environment and enhancing the quality of life for residents.
Commitment to Sustainability
A hallmark of Megaworld’s township developments is their commitment to sustainability. Each project incorporates green technologies and eco-friendly practices, with approximately 40 percent of every township dedicated to lush, open spaces. This focus on sustainability ensures that the developments not only meet the needs of the present but also preserve the environment for future generations.
Strategic and Collaborative Development
Megaworld’s expansion is meticulously planned to align with its live-work-play philosophy. This involves a close collaboration with local governments and stakeholders to ensure seamless integration with the community. The development process is phased, allowing the company to remain agile and responsive to changing market needs while steadily advancing their projects.
Future Growth and Commercial Expansion
Looking ahead, Megaworld plans to significantly expand its commercial projects. By 2030, the company aims to increase its leasing portfolio to 3 million square meters of gross leasable area (GLA), with 2 million square meters dedicated to office buildings and 1 million square meters to lifestyle malls. This ambitious expansion underscores Megaworld’s commitment to providing comprehensive and connected spaces that cater to various lifestyle and business needs.
As Megaworld celebrates its 35th anniversary, its expansion into provincial townships marks a significant milestone in its growth journey. By bringing its innovative township model to new regions, the company not only aims to enhance local economies but also to create vibrant, sustainable communities where residents can live, work, and play. With careful planning, a strong focus on sustainability, and strategic collaborations, Megaworld is poised to continue its legacy of transforming landscapes and improving lives across the Philippines. ###
